Hannover Re sees P&C H1 2019 operating profit fall by 4.6% as large losses impact

Hannover Re saw first half operating profits in property and casualty reinsurance fall by 4.6 percent to Eur656.9mn (H1 2018: Eur688.8mn), as it experienced a marked uptick in net expenditure on large losses at Eur 140.5mn for the period (H1 2018: Eur93.3mn), including a Eur45.7mn hit from the Philadelphia refinery fire in June.